31,235 Shares in ARMOUR Residential REIT, Inc. $ARR Acquired by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. acquired 31,235 shares of ARMOUR Residential REIT, valued at approximately $525,000, marking a significant investment during the second quarter.
• ARMOUR Residential REIT reported a quarterly earnings per share of $0.77, missing estimates by $0.04, and has an average target price of $16.00 among analysts.
• The company is set to pay a monthly dividend of $0.24 per share on October 30th, resulting in an annualized yield of 18.3% despite a **dividend payout ratio of -1,200.00%**.

Envestnet Portfolio Solutions Inc. purchased a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 31,235 shares of the real estate investment trust's stock, valued at approximately $525,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Kovack Advisors Inc. raised its stake in ARMOUR Residential REIT by 5.7% during the 1st quarter. Kovack Advisors Inc. now owns 23,106 shares of the real estate investment trust's stock worth $395,000 after buying an additional 1,245 shares during the period. Fifth Third Bancorp increased its holdings in ARMOUR Residential REIT by 184.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,425 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in ARMOUR Residential REIT by 7.8% during the 2nd quarter. Maryland State Retirement & Pension System now owns 24,025 shares of the real estate investment trust's stock worth $404,000 after purchasing an additional 1,732 shares in the last quarter. Arizona State Retirement System increased its holdings in ARMOUR Residential REIT by 13.0% during the 1st quarter. Arizona State Retirement System now owns 15,994 shares of the real estate investment trust's stock worth $273,000 after purchasing an additional 1,841 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in ARMOUR Residential REIT by 12.2% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 18,412 shares of the real estate investment trust's stock worth $310,000 after purchasing an additional 2,000 shares in the last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings reissued a "sell (d)" rating on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Zacks Research raised ARMOUR Residential REIT from a "strong sell" rating to a "hold" rating in a report on Friday, October 10th. Finally, UBS Group reissued a "neutral" rating and set a $16.00 price objective on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $16.00.

ARMOUR Residential REIT Trading Down 0.3%

Shares of NYSE ARR opened at $15.70 on Wednesday. The stock has a fifty day simple moving average of $15.20 and a two-hundred day simple moving average of $15.82. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $20.01. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -65.39 and a beta of 1.41.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). ARMOUR Residential REIT had a negative net margin of 4.55% and a positive return on equity of 15.89%. The firm had revenue of $84.19 million for the quarter, compared to the consensus estimate of $52.77 million. Analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.24 per share. This represents a c) annualized dividend and a yield of 18.3%. The ex-dividend date of this dividend is Wednesday, October 15th. ARMOUR Residential REIT's dividend payout ratio is -1,200.00%.

ARMOUR Residential REIT Profile

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.

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